On March 25, 2026, Fox Factory Holding Corp. announced the appointment of Douglas J. Grimm as a Class I director, increasing the size of its board to nine members. This decision follows the terms of a Cooperation Agreement established on February 8, 2026, between the company and Engine Capital L.P. The board will nominate Mr. Grimm for election at the upcoming 2026 annual meeting of stockholders, with his term set to expire at the 2029 annual meeting. Mr. Grimm will also serve on the Audit Committee and Transformation Committee of the board. His appointment is expected to enhance the governance and operational execution of the company, aligning with its strategic outlook for growth and innovation in the industry. The board's decision reflects a commitment to strengthening leadership and governance controls, which are crucial for navigating the competitive landscape of the market. The company anticipates that Mr. Grimm's experience will contribute positively to its operational execution and strategic initiatives moving forward.

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